Business & Money | Tuesday 19 August, 2025 11:47 am

Jabal Omar refinances SAR 2B facilities with Al Rajhi Bank

Jabal Omar Development Co. (JODC) signed on Aug. 18 a Murabaha financing agreement worth SAR 2 billion with Al Rajhi Bank to refinance existing facilities at improved terms, according to a statement to Tadawul. The financing facility has a tenor of five years, extendable for an additional...

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Business & Money | Tuesday 19 August, 2025 11:44 am

EGA to deliver first-ever CelestiAL-R billets to leading Japanese manufacturer Sankyo Tateyama

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates and the world’s biggest ‘premium aluminium’ producer, today announced an agreement to supply of CelestiAL-R billets to Sankyo Tateyama, the leading Japanese manufacture of aluminium components for...

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Business & Money | Tuesday 19 August, 2025 11:41 am

MOHRE, e& money partner to facilitate wage payments for domestic workers

The Ministry of Human Resources and Emiratisation (MOHRE) and e& money, the fintech arm of e&, signed a Memorandum of Understanding (MoU) to provide wage protection services via the e& money platform. This enables individuals to manage salary payments for domestic workers in line with...

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Business & Money | Tuesday 19 August, 2025 11:39 am

UAE an inspiring model in improving government performance: Arab Investors Union

Gamal Bayoumi, Secretary-General of the Arab Investors Union, affirmed that the remarkable progress achieved by the United Arab Emirates in the Government Support Index 2025 reflects the forward-looking vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and continues the legacy of...

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Business & Money | Tuesday 19 August, 2025 11:37 am

Dubai Chamber of Digital Economy supports establishment, expansion of 308 digital startups in H1

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has announced that it successfully supported 308 high-potential digital startups to establish and grow their businesses in the emirate during H1 2025, achieving year-over-year (YoY) growth of ...

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Business & Money | Tuesday 19 August, 2025 11:34 am

UAE ranks 16th globally in ‘Government Support Index’ in IMD World Competitiveness Yearbook 2025

The United Arab Emirates has achieved another landmark milestone in its record of global leadership, advancing to 16th place worldwide in the 2025 Government Support Index, one of the key indicators featured in the International Institute for Management Development’s (IMD) World Competitiveness...

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Business & Money | Tuesday 19 August, 2025 11:33 am

Nakheel awards new AED 2.6 billion contract to develop Bay Villas community at Dubai Islands

Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth AED 2.6 billion to Fibrex Contracting L.L.C. for the construction of the Bay Villas project at Dubai Islands. Featuring 636 luxury units across five distinct property types, Bay Villas represents Nakheel's newest...

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Business & Money | Tuesday 19 August, 2025 10:29 am

du Pay launches 'Salary in the Digital Wallet' feature, empowering financial inclusion for the UAE workforce

 du Pay, the advanced digital financial services subsidiary of du launches the 'Salary in the Digital Wallet' (SITW) feature, a cutting-edge service that allows UAE workforce to receive their salaries directly into their digital du Pay wallets. This feature will enhance the lives of the...

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Business & Money | Tuesday 19 August, 2025 10:27 am

Empower signs a contract to design its new District Cooling Plant in Dubai Science Park

 Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, has signed a contract to design a new district cooling plant at Dubai Science Park. The new plant will have a total production capacity of 47,000 Refrigeration Tons (RT) and...

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Business & Money | Tuesday 19 August, 2025 10:24 am

D360 Digital Bank – The Exclusive Banking Partner of Thmanyah, the Official Broadcaster of Saudi Football

D360 Digital Bank, the first Shariah-compliant Saudi digital bank, announced its exclusive banking partnership with Thmanyah for the landmark broadcast rights of the Kingdom’s most prestigious football tournaments. This partnership positions D360 Bank as the exclusive financial partner,...

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